Trend Analysis: Performs linear regression on short term (20 day), intermediate term (60 day) and long term (120 day) high and low analysis to determine if trend lines (rSquare>0.8) and channels exists. The slope is the daily gain (-loss) of the trend line.Alerts include existence of trend channels and recent break outs.
TrendTermSlopeTodays ValuerSquare
Tops Long -0.06 8.15 0.86
Bottoms Long -0.06 6.94 0.87
Tops Intermediate -0.12 6.85 0.90
Bottoms Intermediate -0.12 6.37 0.88
Tops Short -0.12 6.32 0.80
Bottoms Short 0 7.23 0.05
alerts
Long Term Downward Sloping Trading Channel
Intermediate Term Downward Sloping Trading Channel